new shares/options, page-2

As all the rights shares were taken up by existing shareholders they could sell some shares now instead of waiting for the new issue if they wanted an immediate profit. As this does not seem to be the case, it would appear that the SP may stabilise rather than tumble down to the rights issue price.

Being over subscribed and La Jolla being out of the picture are also good pointers, though I expect to see LJ selling down their holding at a very tidy profit over the next few months. This will stop the SP from really taking off.